Franklin Resources Inc. Raises Stock Holdings in Putnam ESG Core Bond ETF $PCRB

Franklin Resources Inc. raised its holdings in Putnam ESG Core Bond ETF (NYSEARCA:PCRB) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,974,864 shares of the company’s stock after purchasing an additional 868,774 shares during the period. Franklin Resources Inc. owned about 97.84% of Putnam ESG Core Bond ETF worth $838,643,000 at the end of the most recent quarter.

Separately, JPMorgan Chase & Co. purchased a new position in shares of Putnam ESG Core Bond ETF during the 3rd quarter valued at approximately $36,000.

Putnam ESG Core Bond ETF Price Performance

Putnam ESG Core Bond ETF stock opened at $47.10 on Wednesday. The company’s fifty day moving average price is $49.17 and its 200 day moving average price is $49.38. Putnam ESG Core Bond ETF has a 1 year low of $47.02 and a 1 year high of $50.08.

Putnam ESG Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $2.5169 dividend. This represents a c) annualized dividend and a dividend yield of 64.1%. This is a positive change from Putnam ESG Core Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Monday, March 2nd.

Putnam ESG Core Bond ETF Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more. PCRB was launched on Jan 19, 2023 and is managed by Putnam.